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Rally Cap Completes Partial Exit from South African Fintech Stitch
Rally Cap partially exited its investment in Stitch after the company secured a $55 million Series B funding round. Stitch experienced significant growth, raising $55 million in April 2025, led by QED Investors and other prominent investors.
Rally Cap partially exits its investment in South African fintech Stitch
Rally Cap partially exited its investment in Stitch after the company raised $55 million in a Series B round. Rally Cap was founded in 2020 and raised its first fund of $30 million in 2022.
Stitch buys Efficacy to take full control of card payments in South Africa
Stitch acquired Efficacy Payments, enhancing its card processing capabilities. The acquisition allows Stitch to act as a gateway, switch, and acquirer for card payments.
Everything I heard at the AVCA Conference
The AVCA Conference returned to Lagos for the first time in a decade, focusing on unlocking follow-on capital and navigating economic challenges. Tope Awotona, founder of Calendly, shared insights on how price, distribution, and data contributed to his company's success.
South Africa’s payments startup Stitch raises $55 million Series B funding
Stitch raised $55 million in a Series B funding round led by QED Investors. The funding will support the expansion of Stitch's in-person payment offerings and online payment suite.
